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[SMM Meridian Review] Guangdong Copper spot Market Express on April 3: near the short holiday market, the enthusiasm for transactions has declined.
Apr 3,2020 11:36CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, March 3: Guangdong electrolytic copper spot on the current month contract up 120% 130, wet copper reported 60 ~ 70 liters. The average price of electrolytic copper rose 700yuan / ton to 39695 yuan / ton, and the average price of wet copper rose 705yuan / ton to 39635 yuan / ton. In the spot market, although the price of copper is high, but the holder still insists on high water delivery, the price of flat copper in early trading is 120 yuan / ton; however, near Qingming Festival short holiday today, the desire to continue replenishing downstream is not high, coupled with the reluctance of some holders to hoard goods for the holidays, the price has been greatly reduced in the second quarter, and Pingshui copper has been reduced to 100 yuan / ton. In addition, the good copper supply is very adequate trading price fell 10 yuan / ton compared with yesterday, on the contrary, wet copper supply is tight and the price is lower, welcomed by the market, the price remains at 60 yuan / ton. Overall, near short holiday, the market trading enthusiasm declined, rising water within the day high open low walk.

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